1 of 5 View Policies Current Attempt in Progress Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,390 Long-term liabilities 1,350 1,450 Stockholders' equity 8,750 7,500 Total liabilities and stockholders' equity $13,400 $12,340 -// (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 $ Property, plant, and equipment 1,940 1,830 (net) Other assets 1,580 1,700 Total assets $13,400 $12,340 $ Liabilities and Stockholders' Increase (Decrease) Percentage Change from 2021 % % % % Equity Current Liabilities $3,300 $3,390 $ % Long-term liabilities 1,350 1,450 % Stockholders' equity 8,750 7,500 Total liabilities and stockholders' $13,400 $12,340 $ % equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,880 % Property, plant, and equipment (net) 1,940 % Other assets 1,580 % Total assets $13,400 % Liabilities and Stockholders' Equity Current Liabilities $3,300 do % Long-term Liabilities 1,350 % Stockholders' equity 8,750 % Total liabilities and stockholders' equity $13,400 %